Paul Muolo

A huge boom ahead for mortgage vendors? (You can thank the regulators.)

The bankruptcy court is still trying to sell $30.8 billion of Freddie Mac mortgage servicing rights once owned by the now-defunct Taylor, Bean & Whitaker.

Citigroup will pay $590 million to settle a class action civil suit brought by investors seeking damages from the bank’s exposure to subprime MBS.

Neil Bader, the national retail sales manager for Total Mortgage Services, has parted ways with the company after less than nine months on the job.

It’s been generally assumed that mortgage loan officers working in residential finance today are the best ever when it comes to professionalism and training. Or is this misleading?

Any quarter now Fannie Mae will crank up its nonperforming loan auction machine, giving bottom fishers across America a chance to bid on billions of dollars in nonperforming mortgages guaranteed by Uncle Sam.

Applications to take out a residential mortgage fell 4.3% for the week ending Aug. 24 with refinancings weakening slightly.

Bank of Oklahoma hired former Fannie Mae executive Elliot Salzman as vice president in charge of correspondent lending.

There’s a new national player in the correspondent space. It's name is...

Buried in the fine print of the Treasury Department’s revised bailout deal with the government-sponsored enterprises is a clause that allows Fannie Mae and Freddie Mac to sell up to $250 million of assets in one fell swoop without prior approval from the agency.

I talk to dozens of mortgage professionals each month and without even asking, I get an earful about too much regulation in the residential finance/servicing industry.

Residential Capital Corp./GMAC Mortgage has hired Steve Hewins as vice president in charge of vendor strategy and governance.

M&T Bank Corp. said it would buy New Jersey-based Hudson City Bancorp in a deal valued at $3.7 billion.

MountainView Capital Holdings this week inked a deal to buy Clayton IPS, the independent pricing service division of Clayton Holdings.

Wells Fargo ranked first among all GNMA servicers in the second quarter with a 30% market share.

CMG Mortgage, a national wholesale lender, said it is temporarily suspending production of HARP 2.0 loans through loan brokers because of problems associated with long turn times.

Lately, we’re hearing way too many stories about mortgage firms turning away business and temporarily scaling back loan channels because they’re too swamped with applications.

The Federal Housing Finance Agency is expected to issue loan buyback guidance by late September—or even earlier—that could spell relief for seller/servicers depending on how many caveats are attached to the language.

Fannie Mae is moving closer to picking an advisor that will guide the government-sponsored enterprise as it moves to unload billions of dollars in nonperforming loans over the next few years.

You would figure that after the worst housing bust in U.S. history – even worse than the Great Depression – that bargains would abound even in places like California.